With the yearly cost of K-12 education in New Jersey at $20,000 per student, the high number of them who leave New Jersey after graduating is hurting the state’s return on investment in education, NJBIA President and CEO Michele Siekerka explains to 101.5 News Radio.

A new report by NJBIA says the ways to keep high school graduates in New Jersey are making in-state colleges more attractive, the state more affordable and offering young workers better skills training.

“We’re not getting a good return on our investment when we’re investing approximately $20,000 per pupil per year,” Siekerka tells 101.5 Correspondent David Matthau.

According to the U.S. Census Bureau the problem of millennials, ages 18 to 34, leaving New Jersey continues to get worse.

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